Recent work has suggested that strategic underperformance of debt-service obligations by equity holders can resolve the gap between observed yield spreads and those generated by Merton-style models. We show that this is not quite correct. The value of the option to underperform on debt-service...

In this paper, we construct stock index futures sentiment and stock index sentiment at daily, weekly, and monthly frequencies. We empirically study the contribution to stock index futures returns of the related stock index futures sentiment and stock index sentiment. The empirical results show...

Wang et al. use an evidential reasoning approach for solving multiple attribute decision analysis (MADA) problems under interval belief degrees [Y.M. Wang, J.B. Yang, D.L. Xu, K.S. Chin, The evidential reasoning approach for multiple attribute decision analysis using interval belief degrees,...